Today’s top business headlines: Google unveils a new LLM, Arm’s stock soars, and the FCC bans AI robocalls
February 9, 2024
Google’s AI announcement: Google has announced plans to incorporate its Gemini large language models into a new web portal, chatbot, and some apps, with claims it beats OpenAI’s GPT-4 on all but 2 of 32 common performance benchmarks. Gemini Ulta, the largest of Google’s LLMs, will be sold inside the Google One AI Premium Plan for $19.99 per month, which will soon include the ability to use the AI within Gmail, Docs, Slides, and Sheets.
Arm Holdings’ stock: The CPU chip designer’s shares soared by more than 50% this week after the company announced $824 million in quarterly revenue, far above analysts’ expectations of $762 million. Arm, which went public in September, is seeing the payoff from its deal with Apple to design chips for its iPhones, iPads, and Macs through 2040.